- Tezos makes an investment in Chorus Mobility
- Despite fluctuations, Optimism in the price trend of Tezos
Tezos is a big name when it comes to dApps and smart contracts. It functions as a multi-purpose platform, while is built on a self-developing blockchain network. The cryptocurrency established by ex-Morgan Stanley analyst Arthur Breitman has made notable progress in its price since January 2019. It had its All-Time-High price of $12.19 in December 2017.
At 12:11:10 UTC, the price was at $1.62. XTZ offers Return of Interest of 243.48% according to Coinmarketcap. The cryptocurrency has a 24-hour volume of $4,943,366. Tezos that is ranked at 16th position, holds 795,283,277 XTZ as its total supply. Moreover, Tezos’ Market Capitalization is $1,065,005,423.
As we can see, XTZ was bottomed at $0.44 when this year started. The price of XTZ didn’t show much of a movement till in April. From 18th March, the coin started showing its potential, indicating a price spike. Since then, it has not turned back as it kept moving up, but with many price fluctuations. Finally, it had reached the price level as high as $1.88. Also, It has increased by 4.5% in the last 24 hour, as its price surged to $1.62 from $1.55 in the last 24 hours. Moreover, Tezos has recently announced its support for Chorus Mobility, which is expected to create some ripple in its price.
For short term investors, we can predict that the Tezos price is likely to reach $2 mark within a week. In the long term, It can cross $10 mark in 2020.
It seems that Tezos has gone through a roller coaster ride this year. However, it signals to further price increases.